Assure Holdings Corp. announced that it has entered into a definitive Agreement and Plan of Merger with Danam Health Inc. under which Danam will merge with a newly-formed, wholly-owned subsidiary of Assure in a stock-for-stock transaction in which Danam will survive as a wholly-owned subsidiary of Assure. Upon closing of the proposed merger, Suren Ajjarapu will serve as Chairman of the combined company.

The Merger Agreement provides that the Board of Directors of the combined company will comprise of five members designated by Danam.